ICICI Bank, ITC among top 5 stocks which could give multibagger returns

We continue to prefer consumers post correction along with retail-focused private banks and bottom-up mid-cap picks, Gaurav Dua, Head of Research, Sharekhan by BNP Paribas, said in an interview to Moneycontrol’s Kshitij Anand.

Q) Sensex plunged by nearly 2000 points in just 4 trading sessions in the week gone by. As a house view, what are you advising your clients?

A) The RBI policy remained the key event with the MPC surprising with no rate hike and the talk on tightening capital adequacy rules which kept markets under selling pressure especially financials.

We reiterate our cautious view on the market and we feel that rising oil prices will be a concern. Also, the ongoing trade wars between the US and China will continue to keep investors on the edge.

However, amidst this turmoil, we feel there are select buying opportunities in sectors such as IT and Pharma. We like stocks such as HCL Tech from the IT space and Sun Pharma. A weaker rupee will help aid margins for these companies in the coming months.

Capital Ways Investment Adviser

101-202 SURYODAY BUILDING

2/1 DR RS BHANḌARI MARG , INDORE (MP) 452001

https://www.capitalways.com/